Stock Market & Financial Investment News

Starboard says Wausau Paper is 'deeply undervalued' in letter to boardIn a letter to the Wausau board, Starboard said it believes the company is deeply undervalued and that significant opportunities exist for value creation. It expressed disappointment that the company has continued to "dramatically underperform" despite Starboard's "efforts to recommend value-enhancing actions." Starboard adds that it believes additional board change is required to ensure actions are taken to improve execution, drive better financial performance and hold management accountable.